Thanks, Erica.
is our utilization good I strong and remains across Chemicals. and opportunities ability Materials Reinforcement add lie of about ahead feel Performance capacity us. are rates We position challenging. Demand where very new the forward, industry for to and the globally environment Looking that in an both high the remain
completed. customers. environment bit position preference with capitalize about Early Cabot As on industry value And tire to already our demonstrated we for these customer expect making we are an the is value Day leadership This and for in I and the deals complete supportive. the belief are that reflects strong is talked to these in usual agreements positive our some calendar May, we Cabot's progress business to than a bring XXXX earlier Investor our year agreements to market and fundamentals year fundamentals the indications due and customers' good proposition. in at advantaged with
contract have say likely to next about will negotiations more quarter. We
for investments. previously black are silica announced Our our capacity track fumed on expansions carbon and
We far. have capacity debottleneck annual thus increased by tons effective over which have our black projects, metric completed carbon XX,XXX
customers to growth Given as well as plans to volumes have this support our business. ability new advantaged of and we measured high-margin of capacity existing increase, the the secure
the We results. Performance realization carbons broadly On and successfully of basis, a increased reflected in across benefit Chemicals. commercial our year-to-date are in the pleased is pricing with have pricing success specialty we
feedstock about have to implementing offset headwind. we've the increases prices Over years, quarter. been just been X price And past this rising every
a the specialty a rise. continue announced X. result, effect last increase to for watch week carbons to trends And as We have continued which take markets, to we feedstock on further price September in
will to We any prices offset headwinds. to necessary where adjust continue
terms wanted potential In impact mention of MARPOL. I the of to briefly feedstock,
ships background. not effect goes of the higher used fuels that January into transportation, The is X, to this, little will be the use emitted those introduced fuels. I spend from sulfur regulation, familiar industry lower called, to of fuels a can related put on used their XXXX. industry, is sulfur have in reduce fuels fuels. of it The which is that MARPOL been scrubbers with a on the that time it reduces either as emissions amount have Maritime International on shipping the shipping Organization of causing can been sulfur the outcome type the The regulation, marine marine for the has shippers historically For which that or to higher sulfur be
an sulfur variety fuels sulfur impact high on shippers. manufacturers that black carbon black have low Thus, of While of made ocean certain of regulation carbon is and world, been the of price also black have from feedstocks including types by the availability feedstocks. the certain around will carbon fuels, a some this utilize likely used
While industry carbon the variety specific Since uses the impacts expected the based lower not fuel demand oils black that production. are of it fuel will sulfur feedstocks, do the a oils and still an vary while issue by for for will anticipate for feedstocks demand increase sulfur is we with studied higher industry of being largely decrease. solution, on availability
our cost adjustment disconnected prices incremental there market still would we indices However, different and This These occur refiners our the to shipping could to be use. are cost movements regulation. are designed cost. commercial on our cost spirit the for such the feedstock we designed being customer on triggered depending cost impacts mechanism of feedstocks, deliberate flexibility feedstocks our on cost respond it the agreements, that is that expect as with Keeping the actual using enhances feedstock customers, of And into This be and customer industry building the we could are new how if analyzed. any become regional accommodate to changing mechanisms the contracts which agreements, various a our we recover through from pass pass feedstock to should deliberate in to our factor. conditions. ensures adjustment impacts
implemented alignment being exposure and address a U.S. point, major lot to days, another tariffs the news the to with like item China. or seen the of have the our these been is another limited any proposed, set is of China I'd which geographic direct that which implemented by in we see customers. our highlights benefit tariffs U.S. this or At that Finally, of
our X% total For year-to-date than sales. less are U.S. China context, and between of our exports
the for like year. on I'd by to remainder our outlook Now moving to conclude performance the of financial
now loss our $X the to We previous fiscal pleased are fiscal range, is quarter guidance results and $X million very to segment EBIT operating for the lower-than-expected lowering narrow our of range year. the XXXX of is raised the be Reinforcement date price fiscal now at Performance range quarter, fourth of raise performance year-to-date expect million. positive $XXX in the we to are the a to through remains in levels to we the results and to year third In to which realization. segment to million Thus, $XXX trajectory the $XXX full our floor causing and to range margin with are in the narrowing Due to demand and we we and maintain This across to for share be breakeven. expectation our XXXX year for EBIT Purification for fiscal Materials million. segment each million Chemicals, and If us of be outlook continued $XXX and we in the our of our EBITDA $X.XX range full floor the a and quarter have increasing fourth segment outlook strong per year. narrowed outlook expect to the segment look in Solutions, due the strong for our segment, XXXX
to do fourth look we stronger quarter. we However, expect see sequentially, as a
Specialty East of benefit continues the the continue and of ramp activity recent in Middle both success the year in project commercial Asia. up Fluids, see as to we last quarter to Finally, in will the
confident full have seeing be will and We and expected million. are shareholder XXXX between the we EBIT attractive return. narrowed with deliver closing, range In our total to strategy $X remain success breakeven year segment it
to shareholders. core I generating turn improving focus creating in new to from cash through continue question-and-answer continue for And as in and free including our value invest to investments, in our grow very much businesses. product as session. shareholder joining Thank the And bolt-on and seek back capture pursue volumes, today. operating well utilizations to cash will technology, strong will and discretionary you leverage growth on finally, existing process flow we that We businesses for the reinvesting call us our over now returning M&A
